The investment would let SK Inc., the holding company of SK Group, and SK Innovation Co., South Korea’s leading refiner, jointly develop next-generation SMR technologies.
The agreement will see the UFC collaborate with Amazon Merch on Demand to launch a new range of merchandise, featuring a host of original designs.
HiteJinro drivers got more hostile in their latest protest that they even threaten to set the HQ's rooftop on fire.
Merck has acquired Mecaro and will use its facilities including the R&D center in South Korea after the completion of the deal.
Cadillac will succeed the German automaker, which has been the Grand Slam's official vehicle since 2009 and has paid a reported US$9 million per year.
Under the two joint ventures with ADM, LG Chem will build a facility to annually produce 75,000 tons of polylactic acid.
Sauber is linked with Volkswagen-owned Audi, with reports suggesting the German company is looking for a 75 percent stake in the team.
Instagram is reportedly muting videos edited and downloaded from its app if users do not post them as Reels first
Nexstar Media will purchase a 75% stake in CW Network from Warner Bros Discovery and Paramount Global.
The Red Sox remains silent on the MassMutual deal due to it not being officially signed and rival financial services brand John Hancock being a decades-long sponsor.
Fanatics CEO selling stake in Philadelphia 76ers, New Jersey Devils to avoid conflict of interest
Michael Rubin, the CEO of digital sports platform Fanatics, is selling his reported ten percent stake in Harris Blitzer Sports & Entertainment (HBSE), owner of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils.
According to Rubin, with the Fanatics business grown, he has to navigate many obstacles to ensure their new business doesn’t conflict with his responsibilities as Sixers part-owner.
He noted that their trading cards and collectibles business and a soon-to-launch sports betting operation will directly conflict with the ownership rules of sports leagues.
The 49-year-old Rubin last upped his holding in HBSE in September 2020 to become its third-largest shareholder behind managing partners Josh Harris and David Blitzer.
After selling a stake, reportedly between five and ten percent, to private equity company Arctos Sports Partners this month, HBSE was valued at more than US$3 billion.
Fanatics, whose’ valuation hit US$27 billion in March, has established a trading card business and launched its Candy Digital non-fungible token (NFT) venture.
Major acquisitions for Fanatics this year have included lifestyle brand Mitchell & Ness from Juggernaut Capital Partners and trading card giant Topps for US$500 million.